AERKOMM INC (OTCMKTS:AKOM) Has Increase in Shorts

June 17, 2018 - By Migdalia James

The stock of AERKOMM INC (OTCMKTS:AKOM) registered an increase of 700% in short interest. AKOM’s total short interest was 800 shares in June as published by FINRA. Its up 700% from 100 shares, reported previously. With 6,800 shares average volume, it will take short sellers 0 days to cover their AKOM’s short positions. The short interest to AERKOMM INC’s float is 0.01%.

The stock decreased 9.80% or $0.49 during the last trading session, reaching $4.51. About 260 shares traded. Aerkomm Inc. (OTCMKTS:AKOM) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Aerkomm Inc., together with its subsidiaries, focuses on providing in-flight entertainment and connectivity solutions in the Asian Pacific region. The company has market cap of $186.99 million. It intends to provide airline passengers with broadband in-flight services options, such as Wi-Fi, cellular networks, movies, gaming, live TV, and music. It currently has negative earnings. The firm plans to offer its services through built-in in-flight entertainment systems, such as a seat-back display, as well as on passengers' personal devices.

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